Abbreviated Company Accounts - MATRIKS LIMITED

Registered Number 08410016

MATRIKS LIMITED

Abbreviated Accounts

31 March 2016

MATRIKS LIMITED Registered Number 08410016

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	101,968	27,056
Tangible assets	3	1,263	1,767
		103,231	28,823
Current assets
Debtors		-	2,230
Cash at bank and in hand		2,671	784
		2,671	3,014
Creditors: amounts falling due within one year		(5,706)	(4,325)
Net current assets (liabilities)		(3,035)	(1,311)
Total assets less current liabilities		100,196	27,512
Creditors: amounts falling due after more than one year		(234,572)	(81,448)
Total net assets (liabilities)		(134,376)	(53,936)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(134,476)	(54,036)
Shareholders' funds		(134,376)	(53,936)

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2016

And signed on their behalf by:
FAREED BALOCH, Director

MATRIKS LIMITED Registered Number 08410016

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over
their estimated useful lives.
Plant and machinery 20% on cost

Intangible assets amortisation policy
Amortisation is provided at the following annual rates in order to write off each asset over
its estimated useful life.
Development costs 10% straight line over 10 years

2Intangible fixed assets

	£
Cost
At 1 April 2015	31,268
Additions	88,827
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	120,095
Amortisation
At 1 April 2015	4,212
Charge for the year	13,915
On disposals	-
At 31 March 2016	18,127
Net book values
At 31 March 2016	101,968
At 31 March 2015	27,056

3Tangible fixed assets

	£
Cost
At 1 April 2015	2,522
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	2,522
Depreciation
At 1 April 2015	755
Charge for the year	504
On disposals	-
At 31 March 2016	1,259
Net book values
At 31 March 2016	1,263
At 31 March 2015	1,767